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Knife River Expands into Utah with Acquisition of Morgan Asphalt in Salt Lake City

BISMARCK, N.D.--(BUSINESS WIRE)--Knife River Corporation (NYSE: KNF) announced today that it has acquired Morgan Asphalt Inc., an aggregates-based asphalt paving company in the Salt Lake City, Utah, area. Morgan serves public and private-sector customers across northern Utah. Operations include: Aggregate crushing and production, with well over 30 years of proven reserves. Asphalt production, with a plant in the west Salt Lake City area. Contracting services, including asphalt paving, excavatin.

Knife River Corporation Reports Fourth Quarter and Full-Year 2025 Financial Results

BISMARCK, N.D.--(BUSINESS WIRE)--Knife River Corporation (NYSE: KNF), an aggregates-based, vertically integrated construction materials and contracting services company, today announced financial results for the fourth quarter and full-year ended December 31, 2025. PERFORMANCE SUMMARY   Three Months Ended December 31,   Twelve Months Ended December 31, (In millions, except per share) 2025 2024 % Change   2025 2024 % Change Revenue $ 755.1   $ 657.2   15 %   $ 3,146.0   $ 2,899.0   9 % Net incom.

Knife River Expands in Texas with Acquisition of Construction Materials Operations

BISMARCK, N.D.--(BUSINESS WIRE)--Knife River Corporation (NYSE: KNF) announced today that it has acquired the assets of Texcrete Operations LLC and TexAgg LLC (collectively “Texcrete”), supporting the company's growth efforts in the Texas Triangle. Based in the Bryan/College Station market, Texcrete has six ready-mix plants and 85 ready-mix trucks serving Brazos and Montgomery counties. College Station is home to Texas A&M University and Montgomery County is one of the fastest-growing count.